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Is Tesla a scam?

Green11

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Aug 10, 2022
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Cars are so expensive..... Market is pricing it like everyone in the world will buy them. What do you guys think?
 

chirkut87

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Sep 27, 2020
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I wouldn't call it a scam but financially, it doesn't make sense to buy Tesla at the moment.
 
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Green11

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Ya I meant the stock. I was wondering if the demand is sustainable. the car is so damn expensive and makes no financial sense. I don't understand the hype behind it but I see it out everyday.
 
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Pleasure Hound

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Dec 8, 2021
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Remember the DeLorean? Tesla is the DeLorean of electric cars. Once the stock tanks (and it will), those cars will disappear and the true car-makers (ones in Germany, Japan and Korea) will make electric cars that are much more affordable and likely a whole lot better.

Musk is mentally unstable (like DeLorean was) and therefore his companies are unstable as a result as long as he insists on controlling everything. Like Zuckerberg, et al., he refuses to get out of the way and let someone better take over and think about the company's future. Very few people are Steve Jobs and can sustain the kind of growth and progress like he did.
 

stinkynuts

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Jan 4, 2005
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No, it is not a scam. Much like the $1,000 iphone is not a scam. No one is forcing people to buy the products. People see value in it, that's why they are willing to pay for the products.
 

Pleasure Hound

Well-known member
Dec 8, 2021
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No, it is not a scam. Much like the $1,000 iphone is not a scam. No one is forcing people to buy the products. People see value in it, that's why they are willing to pay for the products.
...until the competition begins wiping the floor with them.....like Samsung, etc. will eventually do to the iPhone.....
 
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Green11

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Aug 10, 2022
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No, it is not a scam. Much like the $1,000 iphone is not a scam. No one is forcing people to buy the products. People see value in it, that's why they are willing to pay for the products.
Yeah, but most people, including McDonald's minimum wage workers, if they wanted, can save, and eventually come up with the the $1000 needed to buy the over-priced iPhone or the over-priced Louis Vuitton bag.

Tesla on the other hand is not the same thing. The price tag is high. It's a car. It can't reach the masses, like the minimum wage worker.

But the stock price is priced as if everyone who can afford to buy a normal car can also buy a Tesla if they really wanted.

The question is: Will Tesla hit a demand cliff? That's what I'm researching to see if the stock is worth investing into. Meaning, sure, they;re making tons of money now but eventually, only tesla owners will be buying new teslas... And not the rest of society due to the price tag.
 
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Pleasure Hound

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Dec 8, 2021
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Yeah, but most people, including McDonald's minimum wage workers, if they wanted, can save, and eventually come up with the the $1000 needed to buy the over-priced iPhone or the over-priced Louis Vuitton bag.

Tesla on the other hand is not the same thing. The price tag is high. It's a car. It can't reach the masses, like the minimum wage worker.

But the stock price is priced as if everyone who can afford to buy a normal car can also buy a Tesla if they really wanted.

The question is: Will Tesla hit a demand cliff? That's what I'm researching to see if the stock is worth investing into. Meaning, sure, they;re making tons of money now but eventually, only tesla owners will be buying new teslas... And not the rest of society due to the price tag.
Personally, I would stay away from Tesla. Its stock price is artificially inflated/deflated by Musk himself. That is not a good thing. As I had said earlier, he's mentally unstable. Also, Musk seems to be relying on Tesla stock to bail him out of "financial difficulty", as if it is his own private slush fund. That is not a good sign either.
 
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Pleasure Hound

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No, it is not a scam. Much like the $1,000 iphone is not a scam. No one is forcing people to buy the products. People see value in it, that's why they are willing to pay for the products.
Since nobody is being forced to buy a Tesla, why buy a much higher-priced car then, unless you have the money to throw on it?

Do Teslas perform any better than cheaper Hondas or Toyotas? If not, there is not much value there. And don't get me started on the "self driving" illusion (or delusion).....

In addition, do Teslas perform better than Porsche, BMW, Mercedes or Lexus? Where is the market here, if any?
 
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silentkisser

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Tesla has several problems. They were not the first electric car company, but they became the largest. But, are the more valuable than GM, Ford, Toyota or Chrysler? I mean, the most cars they've sold in a year is under half a million. They are obviously working to boost production and what not. So, I feel like the financials and valuation don't make sense.

Then there is the tech. There are a lot of tech experts that are questioning its automation like the so-called autopilot. There are many who believe it is over hyped, there are a lot of unreported accidents caused by it, apparently even in controlled environments. Then there are design issues and the whole sales structure. I remember reading recently about someone who hit a hard bump on a new Tesla Model 3, and they quoted him something like $16,000 to fix something with the battery. Here's the story:

Because Tesla forces owners to use their mechanics, the price of a repair can be astronomical compared to virtually any other mass produced car on the road. Then, there is their ability to retroactively remove features. You probably have heard of stories about people who were selling their Tesla's that had things like autopilot already onboard. They sell the car, and the new owner discovers that Tesla removed that feature in a software update. And then they need to fight like hell to get it back....

These are the major reason I wouldn't buy a Tesla. I think they are a fairly innovative automaker, but they do so many things that make you question their integrity. They seem to treat their customers like shit, raising costs and removing options. And the sad reality is that other automakers are copying some of this shit, like how BMW wants to charge a monthly fee for heated steering wheels and what not...
 
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Valcazar

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Mar 27, 2014
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Since nobody is being forced to buy a Tesla, why buy a much higher-priced car then, unless you have the money to throw on it?

Do Teslas perform any better than cheaper Hondas or Toyotas? If not, there is not much value there. And don't get me started on the "self driving" illusion (or delusion).....

In addition, do Teslas perform better than Porsche, BMW, Mercedes or Lexus? Where is the market here, if any?
Veblen goods.
 

Pleasure Hound

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Tesla is basically running on hype and macho-self-aggrandizement fumes. Not much else. Those who drive Teslas are (mainly) those who think they are better than everyone else (arrogant), saving the planet all by themselves (still arrogant) or superior because they don't have to go to a gas station (for gas anyway) (also arrogant). Plus, the founder is mentally unstable at best, as well as horribly arrogant.

That is not a good business plan to rely on in the long term.....
 
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countrylover

Member
Jun 27, 2013
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Tesla is basically running on hype and macho-self-aggrandizement fumes. Not much else. Those who drive Teslas are (mainly) those who think they are better than everyone else (arrogant), saving the planet all by themselves (still arrogant) or superior because they don't have to go to a gas station (for gas anyway) (also arrogant). Plus, the founder is mentally unstable at best, as well as horribly arrogant.

That is not a good business plan to rely on in the long term.....
You appear to be judgemental and have self-esteem issues. Check out Sandy Monroe on YouTube. He is an engineer and gives his opinion of Tesla based on them tearing one down.
 

richaceg

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Feb 11, 2009
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Tesla vehicle is...people think they're really helping the environment buying EVs....
 
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Pleasure Hound

Well-known member
Dec 8, 2021
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You appear to be judgemental and have self-esteem issues. Check out Sandy Monroe on YouTube. He is an engineer and gives his opinion of Tesla based on them tearing one down.
Yeah sure. Another cult of personality playbook item: when questioned, try to shame the skeptical.....this is getting so old now.....
 
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